Dec 4, 2012 4:00am EST
. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we think it will go up somewhat, but really not any more than people have already priced in. >> and then ten year yields, 5.24%. at the moment, relatively speaking, pretty comfortable. >> maybe a little bit too comfortable and we certainly don't want to get complace complacent.yields are where they were say in march of this year and then subsequently they shot up to 7.5%. we know with the draghi put that that won't happen, but we don't want to think that there is only one way -- >> yesterday said, look, sort of the idea of the risk on phrase, certainly for --
Dec 9, 2012 8:00am EST
the election is coming and they want to deny him a big victory. there's more room to let the taxes go up if he can get a bigger return on cutting medicare. that's what conservatives want, they come out publicly on "morning joe" saying that we should do that to get a bigger deal, that's part of what's going into the negotiations. the question is whether the president is willing to give up on that. lot of liberals don't want to give too much in the way of medicare cuts. >> one of speaker boehner's guiding principles, being for republicans and conservatives at large raising taxes is not good for the economy. how does speaker boehner go back to his caucus and say i got a good deal even though we did raise taxes on the top earners? >> it come backs to saying what we've been able to do is deal with the spending problem in a dramatic way, deal with entitlement cuts in a dramatic way and lay a framework for broader entitlement reform and even more tax reform potentially next year as doing this deal, as opposed to sort of setting back and resisting the president and letting him force through a tax incr
Dec 9, 2012 4:00pm PST
be elected to take his place. he won reelection, and 58 years old and had two cancer surgeries in cuba and has undergone chemotherapy and radiation reportedly and now, doctors say his return to havana for more cancer surgery is a matter of serious concern. >> a typhoon hits and now hundreds of people are feared dead. it's our top story and we go around the world in 80 seconds. the philippines, that storm leaving construction behind and a search for the missing. they're looking for signs of life under falling trees and rocks under the worst hit towns and hundreds of thousands of people outside of their homes in need of food, water and relief supplies. bangladesh. (siren sounding). >> protesters setting a bus on fire over the upcoming elections. people are using rubber bullets to the crowd of demonstrators, at least two people killed and more than 100 injured. india, a rescue operation to save bounded elephant that dot stuck in this mud put. they were working to help get him out of the bud and a similar situation, and heavy machinery to get a mama elephant and her calf out of an open wel
Dec 8, 2012 10:00pm PST
miles from jail. >>> president obama due on election results to say americans support his approach to prevent falling off the fiscal cliff. >> they agreed with the balanced approach that asked something from everyone, but a little more from those who can afford it the most of the it's only way to put our economy on a sustainable panel without asking even more from the middle-class. >> florida senator marco rubio responded with a call for limited government, reform in the tax code and the goal of creating new taxpayers, not new taxes. >>> president obama has outlined what corporations can do to help the nation celebrate his inaugural in january. while taxes pay for the swearingin, festivities are privately funded new hampshire 2009 mr. obama refused corporate donations and he is now accepting them in packages up to $1 million. . >>> former south of canpresident nelson mandela was admitted to a hospital. current president of south africa says there was no cause for alarm by the4-year-old's health. mandela spent 27 years in prison for fighting fighting apartheid in south africa. >>>
Dec 9, 2012 4:00am PST
the re-elected senator of west virginia. >> i understand they took five, six different tape takes to ge act outrageously. >> reporter: he's steaming. >> manchin is so angry he fired off a letter to mtv defending the dignity of his state, calling for changes. something that chris christie tried in new jersey. >> positive for new jersey or negative. >> negative for new jersey. >> these kids from grown up in the hills of west virginia. they live life loud and proud and we follow that adventure. >> shame says the senator from west virginia. >> is that what we're trying to promote for the sack of the almigh almigh almigh almighty dollar? >> mtv hasn't comment tond letter from senator joe manchin. there's a report that mtv has another show in the works following young people in washington heights, a neighbor in upper manhattan, so maybe the senator's going to be joined by michael bloomberg in opposing some of these mtv shows. >> americans love reality tv. >> they do. interesting to see how many politicians mtv can anger. >>> coming up on "good morning america" -- what happened when this littl
Dec 9, 2012 7:00am PST
. joe manchin the re-elected senator of west virginia. >> i understand they took five, six different takes to get them act outrageously. to get it really sensational. >> reporter: he's steaming. >> what i saw is not what i see in everyday life in west virginia. >> reporter: manchin is so angry he fired off a letter to mtv defending the dignity of his state, calling for changes, something that chris christie tried in new jersey. >> "jersey shore," positive for new jersey or negative? >> negative for new jersey. >> reporter: mtv nothing but support for "buckwild." >> these kids from grown up in the hills of west virginia. they live life loud and proud and we follow that adventure. >> reporter: shame says the senator from west virginia. >> is this what we're trying to promote for the sake of the almighty dollar? for the sake of tv ratings? is this what you want to say that we should be looking up to? you want your children to be watching this at night? >> reporter: mtv hasn't commented on the letter from senator joe manchin. but so much the heat might be coming off west virginia. there'
Dec 9, 2012 9:00am PST
surgery again for a tumor in the same area. he won re-election back in october. >>> former south african president nelson mandela is said to be comfortable had and in good care in a hospital. south african president jacob zuma visited the 94-year-old mandela who is undergoing tests for an undisclosed condition. last year he was hospitalized for a respiratory infection. mandela became president of south africa in 1994 after spending 27 years in prison while fighting racist white regime. a key gop senator this morning said this morning they might support a higher tax rate for wealthier americans but it can only come in democrats agree to reform medicare and other major entitlement programs. such a compromise would represent the first real movement in the stalled talks on capitol hill to try to keep the country from plunge over a fiscal cliff come the first of the year. that's what major program cuts and tax hikes on all americans would automatically kick in unless there's a deal. >> everybody in this country will have to participate in some discomfort if we are to going to get out of this.